Hines Garage & Equipment Co., Inc.
How we got $1.7M
Based on its 12 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 19 years (since 2007)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 55% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▲ 117% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 12 | $2.0M |
| 2020 | Form 5500 | 22 | $3.6M |
| 2021 | Form 5500 | 21 | $3.5M |
| 2022 | Form 5500 | 22 | $3.6M |
| 2023 | Form 5500 | 26 | $4.3M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| HINES GARAGE & EQUIPMENT CO., INC. this business | $4.4M | — |
| Beeline Automotive Duncan | $1.4M | 0.3 mi |
| Jeff's Auto Service Duncan | $1.4M | 0.4 mi |
| Mario's Shop Duncan | $1.4M | 0.6 mi |
| Dude's Paint & Body Shop Duncan | $1.4M | 0.9 mi |
| Old Man Norton Auto Repair Duncan | $1.4M | 0.9 mi |
| Brown's Car Wash Duncan | $2.8M | 1.0 mi |
The full calculation
| Employees reported to the SBA | 12 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.3M |
| Estimate: the two combined (geometric mean) | $4.4M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $502K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $1.7M |
| Multiple for this size and industry | 3.4× |
| Value range | $899K – $2.3M |
| Revenue range | $2.9M – $5.0M |
| EBITDA range | $330K – $573K |
| Industry (NAICS) | Automotive Mechanical and Electrical Repair and Maintenance (811118) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingBancFirstPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| BancFirst PPP 2020, PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $191K | 12 |
| 2/13/2021 | second | $191K | 11 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hines Garage & Equipment Co., Inc.
Hines Garage & Equipment Co., Inc. is an auto repair company in Duncan, Oklahoma, in business since 2007. Its estimated annual revenue is about $4.4M, with roughly $502K of EBITDA. It has about 26 employees. Its estimated business value is $1.7M (likely range $899K–$2.3M).
Common questions
- Who owns Hines Garage & Equipment Co., Inc.?
- The owner of Hines Garage & Equipment Co., Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Hines Garage & Equipment Co., Inc. make?
- SeeBITDA estimates Hines Garage & Equipment Co., Inc.'s annual revenue at about $4.4M (likely between $2.9M and $5.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hines Garage & Equipment Co., Inc. worth?
- About $1.7M, roughly 3.4× its estimated EBITDA of $502K, typical for a auto repair company its size. Likely range: $899K–$2.3M.
- How many employees does Hines Garage & Equipment Co., Inc. have?
- About 26, from its 2023 retirement-plan filing.
- When was Hines Garage & Equipment Co., Inc. founded?
- Hines Garage & Equipment Co., Inc. has been in business since 2007.